Monetary conditions remained moderately tight in September-October.
In October, money market rates up to 3 months remained close to the key interest rate, and for periods of half a year or longer they rose slightly. OFZ yields for maturities of two years or more fell after rising in September.
Long-term loan rates fell in September for both companies and citizens. The decrease in corporate loan rates was mainly due to a decrease in the cost of financing under market conditions. Interest rates on long-term deposits rose again, but on short-term deposits remained at the level of July-August.
The annual growth of the broad money supply (M2X) fell in September and according to operational data in October.
Read more in the commentary "Financial conditions and the transmission of monetary policy".